• USD/JPY slides as Trsy yields slip following dovish Fed Waller comments
• Waller said falling U.S. inflation may allow Fed cuts sooner and faster
• Pair is down for a second day, setting a 155.11- 156.53 EBS range
• Momentum shifts in favor of bears, drop below 155 tests some long positions
• Vol levels are subdued, gamma in demand ahead of Trump inauguration Monday
• Supp: 154.97 Fibo of Dec to Jan rise, 154.87 Dec. 18 high, 154.45 Dec 19 low
• Resist: 157.05 Dec. 25, Jan. 14 low, 157.37 21-DMA and 157.80 Dec 19 high
• Increased expectations of a BOJ Jan. hike buoys yen broadly
• EUR/JPY steadies after setting 159.69 1-mo. low as fwds pts narrow
• GBP/JPY is guided toward the key 190 support level
• MOF weekly investment flow data due Friday
yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)